Presight AI (PRESIGHT) Q1 2026 earnings summary

Executive summary

• Delivered resilient Q1 2026 performance with revenue reaching AED 689.0 million, up 22% year-over-year, and maintained uninterrupted operations amid heightened geopolitical uncertainty.

• Expanded AI-enabled government capabilities and digital transformation internationally, with overseas markets accounting for 30% of total revenue.

• Supported subsidiary AIQ in broadening its installed base, driving innovation in the energy sector, and contributing to efficiency and asset performance.

• Fostered a vibrant AI ecosystem through accelerator programs, strategic investments, and the launch of a $100M AI accelerator fund.

• Signed major contracts in the UAE and internationally, including a landmark AI-powered trade platform and new projects in Africa, Central Asia, and the Balkans.

Financial highlights

• Group revenue increased 22.2% year-on-year to AED 689.0 million, with AIQ contributing 29.8% of total revenue.

• International revenue rose 63% year-on-year to AED 207 million, representing 30% of group revenue.

• Aggregate new orders totaled AED 371 million, with 39% from international markets; backlog reached AED 4.9 billion.

• EBITDA margin declined 194 bps year-on-year to 23.1%; group EBITDA for Q1 2026 was AED 82 million.

• Net profit after tax was AED 133.8 million, up 12% year-on-year; post-tax margin at 19.4%.

Outlook and guidance

• Medium-term guidance (2025–2029) targets group revenue CAGR of 20–25%, EBITDA CAGR of 23–28%, and profit after tax CAGR of 21–26%, with strong visibility from multi-year contracts.

• Guidance assumes a constant 15% effective tax rate and further decline in interest rates.

• Sectoral evolution to FY29 anticipates growth in public services, energy/utilities, smart cities, and defense.

• Management is monitoring heightened geopolitical risks in the Middle East but reports no operational disruptions as of the reporting date.